Donald Reid Group

Non-resident landlords

Keng Cheong, tax specialist at DRG Chartered Accountants outlines some of the key issues non-resident landlords ought to consider when investing in the UK.  

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Buy-to-let, the tax opportunities and pitfalls

In the 2015 Summer Budget, the Chancellor announced changes to the amount of mortgage interest that can be offset for higher rate taxpayers only. At present, higher and additional rate tax payers can claim 40% or 45% tax relief on mortgage interest on buy-to-let properties. The intention is that from 2020 these taxpayers will have their tax relief capped at 20%. 

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